Intuit Layoffs 2024 Reddit. The layoffs will cost intuit between $250 million and $260 million, with substantial amounts of the charge expected to be incurred in the fourth quarter, the company said in a regulatory. 2024 has kicked off with a bunch of layoffs.
The financial technology firm is planning to lay off 1,800 employees, or 10% of its workforce, only to rehire approximately 1,800 new people in engineering, product, and customer facing. Mass layoffs is a tactic used to scare the populace into accepting lower wage roles (fabrication of the job market supply and demand can create job seeker desperation).